Milana Vinn

Gen II appealed to the investors for many reasons, including the overall growth in alternative asset classes and a stable revenue stream that was proven out through covid.

The company accepted an acquisition offer after receiving final bids last week, but the signed agreement is pending closure, people familiar with the deal said.

Tribute, based in Middleton, Wisconsin, is a software platform that provides fully integrated funeral arrangements for its clients, including families, funeral homes and online publishers.

The exit is expected to produce a good outcome for Bregal Sagemount, which bought Steele in 2016 before it was profitable, sources said.

According to Miller, businesses that have benefited in the pandemic tend to be in the healthcare space, e-commerce and software.

The process hasn’t officially kicked off but is expected to launch soon.

Francisco Partners agrees acquire Forcepoint from Raytheon Technologies and sponsored-driven M&A activity surges.

The pandemic has created winners and losers, with some business models having benefited from the shutdown and the remote environment and others challenged, the banker said.

SmartBear generates around $150m in revenue and around $75m in EBITDA, according to sources, who placed the deal’s value in the $1.8bn to $2bn range.

ExamSoft is poised to return its investors over a third of Fund VI’s invested capital.